Industry / Argentina
Strike Paralyses Agricultural Exports
March 2008 | Industry NewsAngry farmers in Argentina have paralysed agricultural exports from the country's major ports through a combination of strikes and roadblocks. Shipments from the main port of Rosario are said to be at less than 1% of their normal level because of the action, and large cargo ships are having to divert to ports in Brazil and Uruguay. The situation has now ballooned into a major crisis for President Cristina Fernandez and several companies including Bunge, the world's largest oilseed processor, have had to declare force majeure on Argentine soybean shipments. Force majeure allows firms to forego supply obligations because of
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